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Spire Healthcare Group PLC (SPI.L)

SPI.L on London Stock Exchange

244.20GBp
20 Apr 2018
Change (% chg)

4.40 (+1.83%)
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Latest Key Developments (Source: Significant Developments)

Spire Healthcare says CFO Simon Gordon leaves
Friday, 2 Mar 2018 02:19am EST 

March 2 (Reuters) - Spire Healthcare Group Plc ::‍AFTER 7 YEARS AS CHIEF FINANCIAL OFFICER (CFO) AT SPIRE, SIMON GORDON STEPPED DOWN AS AN EXECUTIVE DIRECTOR OF COMPANY ON 1 MARCH 2018​.‍HIS SUCCESSOR WILL BE ANNOUNCED IN DUE COURSE. SIMON WILL REMAIN WITH COMPANY UNTIL 31 MARCH 2018.​.SPIRE HEALTHCARE - ‍CHIEF FINANCIAL OFFICER AT SPIRE, SIMON GORDON STEPPED DOWN AS AN EXECUTIVE DIRECTOR OF COMPANY ON 1 MARCH 2018​.  Full Article

Spire Healthcare Says FY 2018 EBITDA Outcome Expected To Be In Line With FY 2017​
Friday, 2 Mar 2018 02:00am EST 

March 2 (Reuters) - Spire Healthcare Group Plc ::FY ‍REVENUE 931.7 MILLION STG VERSUS 926.4​ MILLION STG YEAR AGO.‍FULL YEAR 2018 EBITDA OUTCOME IS EXPECTED TO BE IN LINE WITH FY 2017​.FY ‍EBITDA 150.0 MILLION STG VERSUS 162.0​ MILLION STG YEAR AGO.‍FY ADJUSTED, BASIC EARNINGS PER SHARE, 14.4 PENCE VERSUS 19.2 PENCE YEAR AGO​.‍FINAL DIVIDEND OF 2.5 PENCE PER ORDINARY SHARE WILL BE PROPOSED AT CO'S ANNUAL GENERAL MEETING ON MAY 24, 2018​.‍NHS REVENUE FOR YEAR ENDED 31 DECEMBER 2017 2017 DECREASED BY £5.6 MILLION, OR 1.9%, TO £287.8 MILLION​.  Full Article

Spire Healthcare Sees FY 2017 Revenues In Range Of 929 Mln Stg To 932 Mln Stg
Tuesday, 16 Jan 2018 02:00am EST 

Jan 16 (Reuters) - Spire Healthcare Group Plc ::SEES 2017 FULL YEAR REVENUES IN RANGE OF £929 MILLION TO £932 MILLION.SEES 2017 FULL YEAR UNDERLYING EBITDA IN RANGE OF £149 MILLION TO £151 MILLION.NET DEBT AT 31 DECEMBER 2017 OF APPROXIMATELY £465 MILLION.  Full Article

Mediclinic confirms approach to Spire; says considering position
Monday, 23 Oct 2017 02:30am EDT 

Oct 23 (Reuters) - Mediclinic International Plc ::MEDICLINIC INTNL PLC - STATEMENT RE POSSIBLE OFFER.MEDICLINIC INTERNATIONAL PLC - ‍ANNOUNCEMENT REGARDING SPIRE HEALTHCARE GROUP PLC​.‍MEDICLINIC NOTES ANNOUNCEMENT MADE BY SPIRE HEALTHCARE GROUP PLC ("SPIRE") EARLIER TODAY​.MEDICLINIC - ‍CONFIRMS THAT IT MADE AN APPROACH TO SPIRE REGARDING A POSSIBLE OFFER FOR ENTIRE ISSUED AND TO BE ISSUED SHARE CAPITAL OF SPIRE​.‍PROPOSAL WAS REJECTED BY INDEPENDENT DIRECTORS OF SPIRE. AS A CONSEQUENCE, MEDICLINIC IS CONSIDERING ITS POSITION​.  Full Article

UK's Spire says rejects bid from Mediclinic Intl
Monday, 23 Oct 2017 02:00am EDT 

Oct 23 (Reuters) - Spire Healthcare Group Plc ::SPIRE HEALTHCARE GRP - RESPONSE TO PRESS SPECULATION.SPIRE HEALTHCARE - ‍RECEIVED PRELIMINARY AND CONDITIONAL PROPOSAL FROM MEDICLINIC INTERNATIONAL PLC.SPIRE HEALTHCARE - ‍RECEIVED PROPOSAL TO ACQUIRE ALL OF ISSUED AND TO BE ISSUED SHARES OF SPIRE WHICH MEDICLINIC DOES NOT ALREADY OWN​.‍PROPOSAL COMPRISED 150 PENCE IN CASH AND 0.232 NEW MEDICLINIC SHARES PER SPIRE SHARE​.‍PROPOSAL VALUED EACH SPIRE SHARE AT 298.6 PENCE PER SHARE​.BOARD ‍UNANIMOUSLY REJECTED OFFER ON BASIS THAT IT SIGNIFICANTLY UNDERVALUES SPIRE AND ITS PROSPECTS​.‍SHAREHOLDERS ARE STRONGLY ADVISED TO TAKE NO ACTION IN RELATION TO PROPOSAL​.‍THERE CAN BE NO CERTAINTY THAT AN OFFER WILL BE MADE OR AS TO TERMS ON WHICH ANY OFFER MIGHT BE MADE​.  Full Article

Spire Healthcare names Justin Ash as its new CEO
Wednesday, 27 Sep 2017 10:33am EDT 

Sept 27 (Reuters) - SPIRE HEALTHCARE GROUP PLC ::APPOINTMENT OF CEO.‍JUSTIN ASH AS ITS NEW CHIEF EXECUTIVE OFFICER.ASH WILL TAKE UP HIS DUTIES ON 30 OCTOBER 2017​.‍SIMON GORDON WILL CONTINUE AS INTERIM CEO UNTIL 30 OCTOBER, AFTER WHICH HE WILL REVERT TO CHIEF FINANCIAL OFFICER ROLE​.  Full Article

Spire Healthcare updates on Ian Paterson settlement agreement
Wednesday, 27 Sep 2017 04:58am EDT 

Sept 27 (Reuters) - Spire Healthcare Group Plc ::SPIRE HEALTHCARE - C‍ONFIRM COURT ORDER PUTTING AGREEMENT REGARDING SETTLEMENT OF CLAIMS AGAINST CO RELATING TO ACTIONS OF IAN PATERSON​ INTO EFFECT APPROVED.SPIRE HEALTHCARE - APPROVED ORDER BRINGS TO CONCLUSION ALL CURRENT AND KNOWN CLAIMS FROM PATIENTS AGAINST SPIRE HEALTHCARE AND CO-DEFENDANTS.APPROVED ORDER WILL RESULT IN ESTABLISHMENT OF IAN PATERSON COMPENSATION FUND.SPIRE HEALTHCARE - FUND WILL ALSO BE AVAILABLE TO COMPENSATE ANY FURTHER PATIENTS WHO NOTIFY A CLAIM PRIOR TO 30 OCTOBER 2018.  Full Article

Spire Healthcare reports H1 revenue 481.0 mln pounds vs 469.5 mln pounds
Thursday, 14 Sep 2017 02:00am EDT 

Sept 14 (Reuters) - Spire Healthcare Group Plc :Revenue for 6 months ended 30 June 2017 481.0 million pounds versus 469.5 million pounds.Profit after tax for 6 months ended 30 June 2017 8.9 million pounds versus 35.7 million pounds.H1 profit after tax ‍8.9​ million pounds versus 35.7 million pounds a year ago.Adjusted profit after tax for 6 months ended 30 June 2017 34.7 million pounds versus 38.2 million pounds.Expects H2 2017 revenues to be flat on H2 2016 numbers.Expects EBITDA margin for FY 2017 to be up to 0.7% lower than previously guided margin of 16.8%.  Full Article

Spire Healthcare says executive chairman Watts diagnosed with a medical condition
Tuesday, 13 Jun 2017 02:00am EDT 

June 13 (Reuters) - Spire Healthcare Group Plc : :‍that Garry Watts, current executive chairman, has been diagnosed with a medical condition and is currently undergoing treatment.As a result watts he may need some short periods out of business over next several months​.Spire Healthcare - ‍while watts will remain active and engaged in company's activities, he has indicated to board his decision to revert to his previous role as non-executive chairman.‍appointment of Simon Gordon, Spire's current chief financial officer, as interim chief executive officer with immediate effect​.‍post of chief financial officer, also on an interim basis, will be taken by Andrew Goldsmith, who is currently spire's head of finance​.‍formal process is underway to identify and appoint a permanent chief executive officer. Process is expected to include candidates from both inside and outside group​.  Full Article

Spire healthcare sees in-line core earnings
Thursday, 2 Mar 2017 02:00am EST 

Spire Healthcare Group Plc : FY revenue 926.4 million stg versus 884.8 million stg year ago . FY profit after tax 53.6 million stg versus 60.0 million stg . A final dividend of 2.5 pence per ordinary share will be proposed at company's annual general meeting on May 26, 2017 . We expect modest sales growth for financial year 2017 at a slightly reduced margin, to give an EBITDA in line with 2016 .We expect group to return to mid to high single digit EBITDA growth from financial year 2018 onwards.  Full Article

UPDATE 1-Britain's Spire Healthcare core earnings fall, CFO steps down

March 2 Spire Healthcare Group Plc, Britain's second-largest healthcare firm, reported a 7.4 percent drop in 2017 core earnings, hurt by weakness in its business linked to NHS online referrals, and said Chief Financial Officer Simon Gordon would step down.